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Barry Ritholtz's Masters In Business: Guest: Joel Greenblatt, CIO, Gotham Asset Management
FYI: Bloomberg View columnist Barry Ritholtz interviews Joel Greenblatt, co-founder of Formula Investing LLC and managing principal, co-chief investment officer and portfolio manager at Gotham Short Strategies and Gotham Asset Management LLC. He has also been a director of Pzena Investment Management Inc. since October 2007. An adjunct professor at Columbia Business School since 1996, he teaches classes on value and special situation investing. He is the author of “You Can Be A Stock Market Genius,” “The Little Book That Beats the Market,” “The Little Book That Still Beats the Market” and “The Big Secret for the Small Investor.” Regards, Ted https://www.bloomberg.com/news/audio/2018-04-20/joel-greenblatt-discusses-the-thrill-of-investing
The thrill of gathering assets at hedge fund expense ratios. Gotham averages 2.5% er. Half charge more than 3%. But Gotham's been winning since launch. 20 of 21 funds have handsomely beaten their peers. This year, however, they have generally followed the market down, drawdowns at end of March from -3 to -8%, averaging -5%. c
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